- U.S Markets closed lower yesterday.
- Right now Dow futures and Asian markets are mixed.
- SGX Nifty is at 17300.
- Ahead of FOMC meeting Market is under pressure.
- Markets can handle good news , bad news but cannot handle uncertainty.
- U.S Markets have fallen 4% in anticipation of Fed meeting so I feel negative news has been factored in.
- Today we might have some upside in U.S Markets.
- Fed has always been pro Market after the Lehmann brothers collapse.
- It's less likely they would come out with something very negative and disrupt the Markets.
- FII's have sold for 750 crores yesterday and hence Market was stable.
- FII's will be going inactive in last part of December.
- So we can expect volumes to reduce going ahead.
- Today we can expect an inside day within yesterday range on Nifty.
- Yesterday Midcaps and small caps closed in green.
- Only due to FII selling large caps were under pressure.
- 17400 CE added huge open interest yesterday.
- So Nifty might face stiff resistance in the range of 17400-17450 today.
- Yesterday's low of 17230-17250 should act as a good support today..
- Nifty might Trade between 17200 to 17450 today.
- stockmarketadvisory.in
1. U.S Markets closed higher on Friday. 2. Right now , dow futures are lower. 3. Asian markets are mixed. 4. SGX Nifty is up 30-50 Points. 5. There's no point discussing Global markets today. 6. As we are dealing with our own local issues as of now. 7. The talk of the town is Adani Group. 8. Every stock Market participant during last 2 days have not spent as much time with their wife /gf /husband /bf as they have spent on researching Adani stocks. 9. They shouldn't have wasted so much time in research and should've spent their time with loved ones. 10. As Ultimately my Pre Market report would clear all. 11. Now , the Adani stock price has gone below the FPO price. 12. FPO price is in the range of 3100-3200 and stock price is around 2800 13. Who will subscribe to FPO when they can buy shares much cheaper from the Market? 14. Also over the weekend Adani has come up with a 450 page report addressing one by one the allegations made by Hindenberg. 15. I haven't
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